Refer to the graph below. When total revenue falls as output expands, marginal revenue is:

The following graph shows a total revenue curve for a monopolist.









A. Positive

B. Negative

C. Zero

D. Greater than demand at that output level

B. Negative

Economics

You might also like to view...

Refer to Scenario 14-1. M1 in this simple economy equals

A) $1,000. B) $2,000. C) $3,000. D) $8,000.

Economics

Refer to Table 2-9. Thailand has a comparative advantage in the production of

A) wristwatches. B) rice. C) both products. D) neither product.

Economics